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Royal Exchange Assurance Nigeria

Buy Royal Exchange Assurance Nigeria stocks

Royal Exchange Assurance Nigeria (NGX: ROYALEX) Stocks

What is Royal Exchange Assurance Nigeria Plc

Royal Exchange Assurance Nigeria Plc is a Nigeria-based holding company which, through its subsidiaries, is primarily engaged in the business of risk management.

Royal Exchange Assurance Nigeria Plc is licensed to cover life and non-life insurance, including general insurance, health insurance and life assurance.

Royal Exchange Assurance Nigeria Plc also offers banking products and services for asset management, credit financing and microfinancing, general insurance products and reserve investment accounts.

Royal Exchange Assurance Nigeria Plc also offers a range of products and services for healthcare insurance and operates as a health maintenance organisation which provides financial intermediation within the health industry.

The Company’s subsidiaries are Royal Exchange General Insurance Company, Royal Exchange Prudential Life, Royal Exchange Healthcare (HMO), Royal Exchange Finance Company and Royal Exchange Microfinance Bank.

The history of Royal Exchange Assurance Nigeria Plc can be traced back to 1918 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on December 3, 1989.

Today, Royal Exchange Assurance Nigeria Plc has a diversified portfolio in more sectors of the Financials value chain and renders the following services: risk management, financial services, trusteeship and asset management. Its general insurance include motor insurance, fire, general accident insurance, marine/aviation, bond, engineering, agriculture insurance, and oil and gas.

Royal Exchange Assurance Nigeria Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ROYALEX.

Royal Exchange Assurance Nigeria Plc has its headquarters at New Africa House, 31 Marina, Lagos, Nigeria.

The current Group Managing Director of Royal Exchange Assurance Nigeria Plc is Olawale Omotunde Banmore.

Royal Exchange Assurance Nigeria Plc forms part of the Insurance (Accident & Health) Industry and the Financials Sector.

 

Royal Exchange Assurance Nigeria Plc Stock Performance

The current price for Royal Exchange Assurance Nigeria Plc stocks is 0.49 Nigerian Naira (NGN). The company has a total market capitalisation of 2.52 Billion NGN with a P/E ratio of 0 and earnings per share of 0 NGN. A total of 5.15 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Royal Exchange Assurance Nigeria Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Royal Exchange Assurance Nigeria Plc, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.


Highlights of Royal Exchange Assurance Nigeria Plc in 2022

Royal Exchange Assurance Nigeria Plc started the year with a share price of 0.26 NGN, and it has gained 88.5 % in value on its price valuation, ranking 11th on the NGX where year-to-date performance is concerned.

Royal Exchange Assurance Nigeria Plc is currently the 53rd most-traded stock on the NGX and it has experienced a total trading volume of more than 48.7 million shares, which were finalized in 434 deals and were valued at a total of 27.1 million NGN over three months, with an average of 772,494 shares in each trading session.

The highest volume shares traded on one single day was 6.44 million, achieved on 18 October.

 

How to buy Royal Exchange Assurance Nigeria Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Royal Exchange Assurance Nigeria Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “ROYALEX”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalisation.

Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalisation and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalisation.

 

On which stock exchange does Royal Exchange Assurance Nigeria Plc have shares for sale?

Royal Exchange Assurance Nigeria Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol ROYALEX.

 

What type of company is Royal Exchange Assurance Nigeria Plc?

Royal Exchange Assurance Nigeria Plc is a Nigeria-based holding company which, through its subsidiaries, is primarily engaged in the business of risk management.

 

In which industry and sector does Royal Exchange Assurance Nigeria Plc operate?

Royal Exchange Assurance Nigeria Plc forms part of the Insurance (Accident & Health) Industry and the Financials Sector.

 

What is the price of Royal Exchange Assurance Nigeria Plc shares today?

At the time of writing, the current price of Royal Exchange Assurance Nigeria Plc shares was 0.49 NGN.

 

Is Royal Exchange Assurance Nigeria Plc a good investment?

Yes, Royal Exchange Assurance Nigeria Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Royal Exchange Assurance Nigeria Plc?

Royal Exchange Assurance Nigeria Plc experienced growth of 88.46 % in the value of its stocks over the past year.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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